Michael A. Creel, CEO of Enterprise’s general partner, said the proceeds enhance the company’s financial flexibility for Eagle Ford and Permian Basin projects. Including proceeds, current liquidity surpasses $6 billion.
The Stones development is about 320km offshore Louisiana in the Walker Ridge area, in 2,896m (9,500ft) of water. Turritella will be the world’s deepest FPSO.
The Edmonton, Alberta-based construction services operation serves the western Canadian marketplace. The transaction is scheduled to close July 31, and is expected to be accretive to both parties.
The Department of Justice’s review date of Halliburton’s acquisition of Baker Hughes was extended to the later of Nov. 25 or 90 days after "substantial compliance" is achieved, Reuters said.
Wellsite Rental Services LLC provides rental drilling and completions equipment, and Viking Oil Tools provides specialty fishing, thru tubing and remedial services. Both are majority-owned by NGP Energy Technology Partners.
Rex, faced with debt and overspending that has been dragging on the company, sold its 60% interest in its Keystone Clearwater Solutions in a $130 million transaction.
Oilfield technologies company Blue Water Petroleum Corp. signed a letter of intent with Viscos Energy Partners to form STO (Sludge to Oil) to operate Viscos’ oil sludge remediation, upgrading system.
Reservoir services company Core Laboratories NV acquired Sanchez Technologies in an all-cash transaction. Sanchez is based in Viarmes, France. Sanchez designs and manufactures cutting-edge reservoir pressure-volume-temperature equipment and instrumentation.
Seventy received $42 million for the sale of Hodges to an Aveda Transportation subsidiary. Hodges currently operates and owns about 900 pieces of rig moving and heavy haul equipment.
Wellsite services provider ROC Services Co. will be acquired by Coral Reef Capital.
The Houston company will continue to provide the full suite of construction, maintenance and engineering procurement construction (EPC) services it currently offers through its oil and gas, utility transmission and distribution (T&D) and Canada segments.
|E&P||USD 217||Members only||Milagro Oil & Gas Inc.|
|E&P||USD 118||Members only||Goodrich Petroleum Corp.|
|E&P||USD 47||Members only||McCabe Petroleum Corp.|
|Mid||USD 1500||Members only||Enterprise Products Partners LP|